Latest Realty News

NEW DELHI: The government is willing to provide more incentives for the well-being of the real estate and construction sectors but it has to become more proactive and sensitive towards constructing low-cost housing with high quality for intended beneficiaries, said Ravi Shankar Prasad, minister of Law & Justice, Electronics & Information Technology.

New Delhi: Implementation of the Goods and Services Tax (GST) law will have a positive impact on the real estate sector with expected reduction in its tax burden, according to property developers and consultants.

New Delhi: Real estate industry bodies on Wednesday said housing sales are expected to improve following implementation of Seventh Pay Commission recommendations as prices have fallen in last few years because of a slowdown in the property market.

NEW DELHI: Budget proposals as positive for the real estate sector, industry players said that tax sops for first home buyers and incentives on development of affordable housing projects will help revive demand in the sluggish property market.

The drastic reduction of base floor area ratio (FAR) to 1.2 from earlier 1.5 to 2.75 in the newly notified Odisha Transferable Development Right Rules, 2015 is likely to soar up real estate property rates by 30-35 per cent in Odisha, realtors says.They have red flagged the reduction of FAR , the ratio obtained by dividing total covered area on all floors by the area of the plot, in the rules.

Prime Minister Narendra Modi on Thursday launched three mega flagship schemes aimed at transforming urban India, including the much talked about Smart Cities proposal, with a whopping Rs 4 lakh crore kitty having been lined up for the projects.

NEW DELHI: Unlocking of land for creating affordable housing, a fast-tracked approval process and financial empowerment of the low-income categories is essential for the success of Prime Minister Narendra Modi's favoured Housing for All scheme.

NDA government’s proposed ‘Housing For All’ mission will pave way for private developers to leverage public land in order to redevelop slums in-situ. The proposed policy of using land as a resource will signal a major shift from the UPA government’s state-funded slum rehabilitation scheme Rajiv Awas Yojana.

MUMBAI: The Royal Institution of Chartered Surveyors (RICS) has joined hands with real estate industry body Naredco to promote internationally recognised standards, regulations and professionalism in the Indian realty sector.